Seize the opportunity to participate in the highly anticipated Kawan Renergy Berhad IPO by opening a Direct CDS account with us.
Kawan Renergy Berhad, a leading player in the sustainable energy sector, is set to go public with the issuance of 110 million new shares and an offer for sale of 34.5 million existing shares through a private placement.
This IPO presents a unique chance to invest in a company at the forefront of co-generation and biomass power plant projects, driving Malaysia’s transition towards renewable energy sources.
Here’s what makes Kawan Renergy Berhad an exciting investment prospect:
- Sustainable Growth: With a significant portion of the IPO proceeds allocated for working capital requirements of ongoing and future co-generation plant projects, the company is poised for sustainable growth in the burgeoning renewable energy market.
- Debt Reduction and Operational Efficiency: By utilizing the IPO funds to repay bank borrowings and defray listing expenses, Kawan Renergy Berhad is positioning itself for a stronger financial footing and improved operational efficiency.
- Expansion and Upgrades: The company plans to invest in constructing a new two-megawatt biomass power plant, enhancing the production output of its existing Bercham plant, and upgrading machinery to boost production processes.
Don’t miss this golden opportunity to be part of Kawan Renergy Berhad’s sustainable energy journey. Open a Direct CDS account with us today and participate in the IPO seamlessly.
Apply IPO with your Nominee CDS account?
Answer: NO, you cannot.
The reason why you cannot apply Malaysia IPO using Nominee CDS Account, read this blog post.
To sign up for a 15-Digit Direct CDS Account Number to apply IPO,
1. Download M+ Global app
2. Sign up online
3. Choose the Malaysia Market
4. Enter my Invitation Code, which is UBZQ
5. Pay RM11 to register a Bursa Direct CDS number.
6. Wait for the email confirmation
7. Follow the steps here https://www.dexterchia.com/blog/initial-public-offering-ipos-in-malaysia-how-do-you-apply
